On Monday, market watchers woke up to find that, while the sky hadn’t fallen, virtually every asset in their portfolio had plunged into the red. Or, perhaps, maybe the sky had. The Dow fell 2,000 points and the S&P 500…
These past two weeks have seen historic drops in the stock markets both in the U.S. and around the world. Goldman Sachs slashed its earnings estimates for 2020 on U.S. companies to only $165 per share. Their revised forecast predicted…
This past week you saw discouraging news emerge from the subprime borrowing markets. The most recent data release from the Federal Reserve showed that credit card delinquencies (over 30 days late payments) from the 4,500 banks under the top 100…
This past week the news emerge in a report showing that the total issuance of corporate debt has reached a record high of $13.5 trillion at the conclusion of 2019. The OECD report also revealed alarming statistics that the all…
This past week the news emerged from the Fed’s Quarterly Report on Household Debt and Credit that U.S. total household debt has set another staggering record. The debt level hit $14.15 trillion after rising another $193 billion (1.4 percent higher)…
The Coronavirus has caused a scare around the world as an unfolding global health pandemic, but not as much attention has been paid to the effects it is having on the Chinese and now global economies. Uncertainty surrounding the resumption…
This past week the news emerged that despite what has been called the greatest economy in history a huge percentage of Americans are actually living from one paycheck to the next. Respected business news site MarketWatch cited a few surveys…
This past week saw the longstanding shadow war in the Middle East between the U.S. and Iran become an escalating conflict. After attacks on the U.S. Embassy in Iraq, America responded by killing the most powerful military figure in Iran,…
In the past few weeks, the extent of the unfolding banking crises in both Italy and China has become more apparent. In mid-December, the Italian government found itself forced to save the struggling southern lender Banca Popolare di Bari. The…
This past week saw mixed data released on the state of the U.S. economy. The statistics on spending and personal income were positive enough to lead stocks higher. While talking heads were crowing about the “strong economy,” they were overlooking…
The concepts of “ethical gold” and fair trade have increased in importance over the years. Tradewind Markets, a gold fintech company, has embraced that idea, developing and launching its new Origins application. The firm enables both physical and alternative assets…
Humankind has been mining for the resplendent metal that is gold for millennia. Archeologists discovered a prehistoric Bronze Age gold mine at a site known as Sakdrisi, in the Kvemo Kartli region of present-day Georgia. Dating from between the…
Since the year began you have watched oil prices really soar. This has been supported by a number of factors, including OPEC cutting supplies, additional fighting in Libya, and American sanctions against both OPEC nations Iran and Venezuela. The two…
The US dollar lost 2.15% against the Japanese yen in the space of 15 minutes after the Bank of Japan (BoJ) announcement on interest rates. The spin-off from this turmoil provoked a fall in the S&P 500 of 0.7% within…
Puerto Rico has been in a period of economic stagnation that goes back decades. Along with the decline in GDP, it has also been losing citizens to the mainland, a trend that is causing a decreasing population. High government spending…
It’s been said that the responses to a crisis sow the seeds of the next upheaval. Indeed, history suggests that the so-called fixes often fall short of expectations. First, they fail to take account of the fact that the causes of…
In the old, pre-crisis days, it was not odd to think that bad news for bonds was good news for stocks. It made sense from a fundamental perspective. Fixed-income markets tend to do poorly when economic activity is strong or inflation…
To many observers, the outlook for oil and other energy products, industrial and precious metals, grains and other commodities remains bleak, even after a rout that has seen the CRB Commodity Index lose more than a third of its value…
Over the past 5 years the period between late June to early September has seen some of the fiercest rallies in gold and silver prices, with double digit percentage moves fairly typical. In 2013 the price of silver in particular…
As the dust settles on the latest bailout deal for Greece, it is becoming increasingly obvious of the pain which lies ahead for Europe in the months and years ahead. While initial market reaction has been positive to the news…
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